Steel prices to remain high
By ZHANG QI | China Daily | Updated: 2010-04-29 07:58
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A worker stands on top of stacks of steel products at a Shanghai Yirong Trading Co Ltd warehouse in Shanghai. Steel inventories in 20 major Chinese cities declined 9 percent to 9.77 million tons last week. Qilai Shen / Bloomberg News |
Rising raw material costs, iron ore shortage seen as contributory factors
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